State pension: Not doing this is putting your retirement nest egg at risk

State pension: Not doing this is putting your retirement nest egg at risk

STATE PENSION is something most rely on to thrive in old age. However, your UK pension could be at risk if you don’t claim this benefit, according to Martin Lewis. The pension age climbed by one year from 67 to 68 recently.

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State pension: Not doing this is putting your pension at risk, Martin Lewis claims

On This Morning in June, Martin explained how the benefit works.

He said: “To get your full state pension, you need at least 35 national insurance years, but if you’re struggling to make this up, because you’ve had to give up work to care for someone, you can claim carer’s credit, which effectively tops up your national insurance record, so you get a pension when you retire.

“To be eligible you need to be caring for 20 to 35 hours a week.”

If you look after someone full time, or 35+ hours a week, you can claim a separate carer’s allowance.

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